NexVest has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". The FMA is warning about a series of fake online trading platforms. These platforms claim to offer cryptocurrency and foreign exchange trading platforms but are being used as part of a wider investment scam.
To establish credibility, the fake platforms may provide fraudulent certificates featur... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I have been trying to close my account with NexVest for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: No hidden fees|High security standards|Professional team
Cons: Some tools only available on higher tiers|No integrated tax optimization
NexVest has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Wide product range|Professional team|Market news feed
Cons: Wish they had more educational resources
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that NexVest has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database
I signed up with NexVest after hearing about them at a conference and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Personal attention|Helpful community forum|Responsive team
Cons: No phone support on weekends|No fractional shares
The only good thing about NexVest is that they remind you why regulation matters. I found them through word of mouth in my investment club. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Fast deposits|Easy withdrawals
Cons: Currency conversion fee exists
NexVest seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Low minimum deposit|Clear documentation|Educational resources|Multi-currency support
Cons: Limited cryptocurrency options|Live chat only during business hours
The so-called education at NexVest is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for over three years thinking they would help me learn.
Pros: Excellent charting|Responsive team
Cons: No dark mode on mobile
Do not be fooled by the professional-looking website. Behind the scenes, NexVest is disorganized and incompetent. I found them after comparing multiple platforms and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Competitive fees|Helpful community forum|Good mobile app|Excellent charting
Cons: Withdrawal takes 1-2 business days
The mobile app from NexVest is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Economic calendar|Stable platform|High security standards
Cons: No live chat on mobile
I invested $10,000 with NexVest after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized